Inglewood, CA 90301 541 Elm Avenue
$1,629,000
40 more
Presented By: Veronica Navarro with Veronica Navarro Pro Realtors Group; 949-287-3210
Beds • 5
Baths • 2
SQFT • 3,044
Garage • 3
Year Built • 1930
Home Details
Exceptional Investment Opportunity in Inglewood! This meticulously maintained 4-unit property exemplifies pride of ownership and offers a unique chance for savvy investors. The front house features a spacious 2-bedroom, 1-bath layout complete with an indoor laundry room, complemented by three additional spacious 1-bedroom, 1-bath units situated in the back. A long driveway leads to three individual single-car garages, providing ample parking for tenants. Each unit is individually metered for electricity and gas, ensuring convenience and efficiency, while dual pane windows and central AC and heating offer comfort year-round. Nestled in a highly desirable area, this property is just minutes away from top-rated schools, diverse shopping options, dining hotspots, Sofi Stadium, Hollywood Park, Kia Forum, and LAX. Enjoy nearby recreational areas like Sentinel Field, Ashwood Park, and Simmons Playground. With all four units currently rented, this property boasts a high tenant demand and has the potential to add an ADU for additional income. Don’t miss out on this fantastic opportunity to enhance your real estate portfolio!
Presented By: Veronica Navarro with Veronica Navarro Pro Realtors Group; 949-287-3210
Interior Features for 541 Elm Avenue
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesLivingRoom
Fireplace Y/NYes
Heating Y/NYes
Laundry FeaturesInside, LaundryRoom
Total Stories2
Other Rooms
Entry Level1
General for 541 Elm Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityInglewood
Community FeaturesCurbs, Park, StreetLights, Sidewalks
CoolingCentralAir
CountyLos Angeles
Current FinancingVa
DirectionsManchester Blvd & Oak St
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces3.0
Garage Y/NYes
Gross Income95208.0
HOANo
HOA Fee$0.0
HeatingCentral
Home Warranty Y/NNo
Insurance Expense2500.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Conventional, FHA
Lot Size Square Feet7419.0
Lot Size UnitsSquareFeet
MLS Area699 - Not Defined
MobileHomeRemainsYNNo
Net Operating Income89108.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Open Parking Spaces6.0
Operating Expense6100.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot28
Total Actual Rent8119.0
Trash Expense0.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
ViewNone
Walk Score77
Water Sewer Expense3600.0
Year Built1930
Year Built SourceAssessor
ZoningINR2YY
Exterior for 541 Elm Avenue
Building Area Total3044.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.1703
Lot Size Area7419.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters4
Open Parking Y/NNo
Parking FeaturesDirectAccess, Driveway, GarageFacesFront, Garage
Private PoolNo
SpaNo
Total Parking9.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Justin Hughey
Price
$1,629,000
MLS#IG25063184
List Date
03/23/2025
Property Type
Multi-Family
Phone
(562) 818-1655
